Revised Intimation with attachments
Awaiting price reaction for this filing.
Lords Mark Industries Ltd received an Expression of Interest (EOI) dated February 5, 2026 from JaiBharti Capital Advisory Private Limited to purchase 5,00,000 equity shares at ₹97 per share, based on a fair valuation report valuing the company at ₹4,136.45 crore. The company declined the EOI on the same day, stating that its trading and listing process is currently underway, and therefore it cannot consider any share purchase or transfer transactions at this stage. No transaction has taken place and there is no change to the shareholding pattern, management, or control of the company. The valuation report itself provides background on the company, which emerged from an NCLT-approved IBC resolution plan in July 2025, with Mr. Sachidanand Hariram Upadhyay as the current promoter.
For shareholders, this filing has no material impact — the proposed share purchase was declined by the company and no deal is going through. It does, however, confirm that the company's shares are still being processed for trading and listing, meaning existing shareholders cannot yet trade these shares on the exchange.